iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Volume Increase – Should You Buy?

Shares of iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-high trading volume on Wednesday . Approximately 800,950 shares traded hands during trading, an increase of 222% from the previous session’s volume of 248,685 shares.The stock last traded at $37.47 and had previously closed at $37.35.

iShares MSCI Global Gold Miners ETF Trading Up 0.4 %

The company has a market cap of $1.16 billion, a P/E ratio of 16.74 and a beta of 0.75. The stock’s 50-day moving average price is $33.18 and its 200-day moving average price is $32.17.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 2,162 shares during the last quarter. Wintrust Investments LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth about $93,000. Fisher Asset Management LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter worth about $245,000. Family Firm Inc. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% in the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after acquiring an additional 9,276 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 15.4% in the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 10,209 shares during the last quarter.

About iShares MSCI Global Gold Miners ETF

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.